[South Korea's Choice Financial newspaper reporter] restructuring the shipbuilding and shipping industry was significantly reduced last year, net profit of the bank to finance cooperatives NH provisions for bad loans aftermath.
Agricultural Finance announced that it has 15 days to achieve 321 billion won last year's net profit (consolidated). This is 20.2% more than the previous year - all (813 million), down figures.
Agricultural support expenses (formerly fee) burden before income declined 8.8% year-on-year to 605.1 billion won (582 million).
Agricultural support is a contribution to expenses paid to a subsidiary of the holding quarterly seconds for the NACF NACF's unique business objectives of supporting farmers' cooperatives in accordance with the law.
Connection of financial cooperatives based on total assets increased by 366.9 trillion won 8% (27.1 trillion won) against a year earlier. Total assets including trusts, etc. totaled 8.7% (36.8 trillion won) increased 461.2 trillion won.
Loans showed a 11.7% increase from 221.2 trillion won the previous year end.
Credit loss allowance provisions Article 1 is 21.0% (291 billion won) and increased to 678 billion won a year earlier.
Agricultural Finance official said that "the record deficit of 201.3 billion won in the first half due allowance paid to the shipbuilding and shipping industry restructuring and bad debt clean (big bath) but succeeded in turnaround through a company-wide emergency management.
Agricultural flagship subsidiary of the Bank issued a net 111.1 billion won last year. Interest income increased by 3.7% over the previous year to 4.3821 trillion won (157.8 billion won). Non-interest income increased by 45.3% over the previous year to 185.9 billion won (580 million).
Loans has increased (20 trillion 800 billion won) compared to the end of the previous year by 11.5% to 201.9 trillion won.
However, credit loss allowance provisions are Article 1 of 25.4% over the previous year to 584.5 billion won (321.1 billion won) to the reduced surge in net income.
NPL by provisions (NPL) ratio fell 0.91% to 1.36% points higher than the previous year end. The delinquency rate was also counted as 0.59% 0.12% points improvement compared to the previous year end.
NH Investment & Securities last year, net income increased by 9.8% (201 million) over the previous year to 236.1 billion won.
On the other hand Agricultural life it was reduced by 7.8% (131 million) the previous year net profit of 154.5 billion won. Agricultural Insurance also decreased by 6.4% (24 million) recorded a net profit of 35.3 billion won.
Agricultural finance official called "Agricultural Finance will be more focused on improving profitability and to strengthen pan-cooperatives Synergy has overcome the crisis last year, strengthening risk management and asset consolidation efforts linked to the economy and retail sector this year, the benefits of cooperatives only ' said.
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